This compound is primarily utilized in organic synthesis, particularly in Suzuki-Miyaura cross-coupling reactions. It acts as a key intermediate for the formation of carbon-carbon bonds, enabling the synthesis of complex organic molecules. Its boronic acid group facilitates the coupling with aryl or vinyl halides, making it valuable in the production of pharmaceuticals, agrochemicals, and advanced materials. Additionally, it is employed in the development of bioactive compounds and drug candidates, contributing to medicinal chemistry research. Its stability and reactivity make it a versatile reagent in constructing aromatic systems and heterocyclic frameworks.